Estate Planning for Business owners and High-net worth clients

Join Kevin Norcross TEP for our online training course, aimed at legal professionals who want to build their knowledge advising business owners and high-net worth clients regarding their Wills, Lasting Powers of Attorney and other estate planning needs.

On completion of the course, you will be able to:

Understand different business structures and how they impact the distribution of your client's business interest on death.

Assess your client's inheritance tax (IHT) position in light of available business property relief (BPR).

Advise on how will trusts can maximise BPR eligibility and how they are needed where family members are not actively involved in the business.

Advise on the importance of shareholder/partner protection insurance and cross-option agreements.

Establish the need for commercial lasting powers of attorney (LPAs) for business owners and company directors.

Outline options for mitigating your client's IHT position by exploiting lifetime planning, including lifetime settlements and asset preservation trusts, and via will planning.

Understand how lifetime planning interacts with capital taxes and the further administrative duties which apply.

This course is perfect for anyone who has a desire to enhance their knowledge and skills around this niche and specialist area within Private Client.